Neptune Insurance (NYSE:NP) Price Target Raised to $33.00

Key Points

• Mizuho raised Neptune Insurance’s price target from $31 to $33 while maintaining a neutral rating, implying 11.72% upside. Analysts overall give the stock a “Moderate Buy” consensus with a $31.68 average target.
• Neptune exceeded third-quarter expectations, reporting $0.17 in adjusted EPS versus $0.16 expected and $59.57 million in revenue versus a $56.59 million estimate. Revenue increased 34% year over year, though return on equity remained negative.
• The stock opened at $29.54, with a market capitalization of $4.05 billion and a relatively high P/E ratio of 79.19. Insiders sold 3.82 million shares worth approximately $125.6 million in the latest quarter, despite institutional investors adding to positions.

Neptune Insurance (NYSE:NP - Get Free Report) had its price objective hoisted by analysts at Mizuho from $31.00 to $33.00 in a report released on Wednesday, Benzinga reports. The firm presently has a "neutral" rating on the stock. Mizuho's target price would indicate a potential upside of 11.72% from the company's previous close.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. increased their target price on Neptune Insurance from $26.00 to $30.00 and gave the company a "neutral" rating in a research note on Monday, July 13th. Piper Sandler restated an "overweight" rating on shares of Neptune Insurance in a research report on Monday. BMO Capital Markets lowered Neptune Insurance from an "outperform" rating to a "market perform" rating and set a $32.00 price target for the company. in a research note on Thursday, July 30th. Wells Fargo & Company cut their price objective on Neptune Insurance from $37.00 to $34.00 and set an "overweight" rating for the company in a report on Monday, October 12th. Finally, Keefe, Bruyette & Woods cut their price objective on Neptune Insurance from $34.00 to $33.00 and set a "market perform" rating for the company in a report on Friday, July 24th. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, Neptune Insurance presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.68.

Neptune Insurance Price Performance

NP stock opened at $29.54 on Wednesday. Neptune Insurance has a one year low of $14.78 and a one year high of $35.15. The stock has a market cap of $4.05 billion and a PE ratio of 79.19. The firm has a 50 day simple moving average of $30.48 and a two-hundred day simple moving average of $29.36.

Neptune Insurance (NYSE:NP - Get Free Report) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. The firm had revenue of $59.57 million for the quarter, compared to analyst estimates of $56.59 million. Neptune Insurance had a net margin of 21.45% and a negative return on equity of 18.77%. On average, research analysts expect that Neptune Insurance will post 0.40 EPS for the current fiscal year.

Insider Transactions at Neptune Insurance

In related news, Director Jonathan Carlon sold 50,000 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $31.15, for a total transaction of $1,557,500.00. Following the transaction, the director owned 603,500 shares of the company's stock, valued at approximately $18,799,025. This trade represents a 7.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Vii L.P. Ftv sold 1,867,840 shares of Neptune Insurance stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $33.22, for a total transaction of $62,049,644.80. Following the completion of the transaction, the insider owned 14,442,941 shares in the company, valued at approximately $479,794,500.02. The trade was a 11.45% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 3,815,570 shares of company stock worth $125,567,525. Corporate insiders own 74.26% of the company's stock.

Institutional Trading of Neptune Insurance

Several hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its stake in shares of Neptune Insurance by 874.4% in the 1st quarter. Renaissance Technologies LLC now owns 160,703 shares of the company's stock valued at $3,887,000 after acquiring an additional 144,210 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Neptune Insurance during the 1st quarter valued at about $1,531,000. Swiss National Bank purchased a new stake in Neptune Insurance during the 1st quarter valued at about $1,132,000. BlueCrest Capital Management Ltd bought a new position in Neptune Insurance during the 2nd quarter worth approximately $1,418,000. Finally, Sei Investments Co. grew its position in Neptune Insurance by 203.3% during the 1st quarter. Sei Investments Co. now owns 59,114 shares of the company's stock worth $1,430,000 after acquiring an additional 39,626 shares during the last quarter.

Key Stories Impacting Neptune Insurance

Here are the key news stories impacting Neptune Insurance this week:

• Positive Sentiment: Neptune reported third-quarter revenue of approximately $59.6 million, up 34% year over year and above the $56.6 million analyst estimate. Adjusted earnings of $0.17 per share also exceeded the $0.16 consensus and rose from $0.11 a year earlier. Neptune Q3 Revenue Earnings Flash
• Positive Sentiment: Management projected roughly $238 million of 2027 revenue and an adjusted EBITDA margin near 61%, suggesting substantial growth and operating leverage as Atlas+ adoption expands. Neptune 2027 Revenue and EBITDA Outlook
• Positive Sentiment: Atlas+ appears to be improving customer conversion: quotes using the product bind at 3.5 times the rate of other quotes. This supports management’s growth strategy and could increase future premium volume. Neptune Long-Term Investor Takeaways
• Neutral Sentiment: The quarter was profitable, with a reported net margin of 21.45%, but return on equity remained negative at 18.77%. Investors may also view the stock’s approximately 79 P/E ratio and $4.05 billion market capitalization as demanding, leaving less room for execution or growth disappointments. Neptune Third-Quarter Results

Neptune Insurance Company Profile

Neptune Insurance is a technology-enabled insurance company focused primarily on flood coverage for residential and commercial policyholders. Its platform is designed to streamline the insurance process, including quoting, underwriting and policy management, while providing coverage tailored to properties that may face flood-related risks.

The company offers flood insurance products for homeowners, renters, landlords and businesses. Its offerings are intended to complement or provide an alternative to coverage available through traditional government and private-market flood insurance programs, depending on the policyholder's location and eligibility.

Neptune's business is primarily focused on the United States, where flood risk varies significantly by geography and many properties are outside federally designated high-risk areas.

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